STOCKHOLM, Sweden, Feb. 12, 2004 (PRIMEZONE) -- Invik: This year-end release has been prepared in accordance with the equity accounting method for associate companies.
- Net turnover for the year was SEK 1,186.0 (983.3) million.
- Consolidated income after financial items amounted to SEK 602.0 (-1,069.5) million for the full year, including capital gains of SEK 48.3 (-227.0) million on the sale of shares.
- Net income amounted to SEK 751.0 (-1,121.9) million for the full year.
- Earnings per share amounted to SEK 96.78 (-144.57) for the full year.
- Modern Finance Group reported income after financial items of SEK 129.7 (-147.2) million for the full year.
- The market value of the long-term securities portfolio increased during the year by SEK 3,824 million to SEK 8,020 million.
- Moderna Forsakringar's turnover increased by 44% to SEK 707.5 (491.4) million.
- The assets under management in MPK increased by 57% to SEK 7,336 (4,659) million.
- Fischer Partners became the fifth largest member on Stockholmsborsen, with a 5.7% (4.1%) share of the turnover on Stockholmsborsen.
- The Board proposes to pay a cash dividend of SEK 5 (3) per share.
Anders Fallman, CEO of Invik & Co. AB, commented: "The businesses in the Modern Finance Group (``MFG") performed very well during the year. The profit of SEK 130 million earned by MFG exceeded the target, and the businesses are continuing to show strong growth."
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